vlad.adrian
Long

DDD - Long on a growing business

NYSE:DDD   3-D SYS CORP DEL
698 60 9
I have been watching DDD             for a very long time, looking for a good spot to go long in this growing bussines. I believe that there is a buy signal right now. The only problem with it are the general market ( stock market ) conditions, which right now are unclear, at least for me. If there would be a clear long signal on the Dow or the S&P             , I would buy a larger quantity of this stock than I would now. But I will ignore the uncertainty of the general market and take the long signal from 3D, with caution.

At the beginning of February, there were some bad reports on the 3d printing business and every stock in this sector fell heavily. That very day DDD             came back strongly, but the risk reward wasn't great so I decided to wait. Right now the stock is at that very low, retesting with a bullish divergence, forming a double bottom, simply said, offering a better price to buy.

Looking at the weekly chart, there is a hidden divergence, labeled here on the daily. Hidden divergences are continuation signals of the prevailing trend. Back to the daily, I labeled 4 extreme price deviations from the MA wave. Right now, price is strongly deviated and a bounce should come.

The double bottom target is close to the round level of 100$, but that is way too far away to consider for the moment. Right now, my target is previous high at 80$ area.
thanks you for sharing!
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vlad.adrian PRO charttrader
2 years ago
Your welcome!
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ALee charttrader
2 years ago
while 20 DMA failed E23 is no long history of no - work from short. the output from a flat corridor 21-23,5 will show the future direction ...
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fcha PRO
2 years ago
I do appreciate for this info, you are good at this. Thank you!
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vlad.adrian PRO fcha
2 years ago
Thank you!
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YimLiu
2 years ago
It is more like a Head and Shoulder top for me.
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vlad.adrian PRO YimLiu
2 years ago
it doesn't matter what it is, as long as it rejects. Rejection of h&s is more powerful than confirmation of h&s, in my opinion...
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YimLiu
2 years ago
I see U @ 26.
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TradeVulture.com
2 years ago
I think if you looked at the monthly chart you'd probably find this as a longer term short. If we manage to get a pop, your first target should be 62. Momo is down. This is second test of the monthly support level @55, and we usually break through on second test. Which takes us to a range of 50-44. 44 would pop and take us back to support lost at 55.
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fcha PRO TradeVulture.com
2 years ago
What about weekly chart, is it possible will go up then after will go down? I am not sure but I will research what the news said.
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TradeVulture.com fcha
2 years ago
There is monthly support here that we had a first touch bounce back in Feb. We are now in the process of testing the 55 monthly support for the second time (which usually breaks through) back down the leg. The leg start of the previous up-move to highs was the accumulation from May-Oct (45-50). The rule is we must retest the leg start, and I imagine we will. We have downward momo pushing us, and on the weekly, you can see momo beginning to slow down, and will likely begin the accumulation process. I don't know your timeframe, but yes it is possible to have some smaller pops here as we attempt to resolve this momo.
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vlad.adrian PRO TradeVulture.com
2 years ago
There is a problem, I have no ideea what a momo is. I know it's a racing equipment company but I'm 99% sure ur not reffering to that :))
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TradeVulture.com vlad.adrian
2 years ago
momentum.
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2use TradeVulture.com
2 years ago
What do you mean by resolve this momentum? i.e. change the trend from down to upwards?
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TradeVulture.com 2use
2 years ago
Yes, momo creates trend. Until momentum has been resolved in whatever direction it's traveling, there cannot be a change in trend. You see momentum changing in the accumulation/distribution processes.
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vlad.adrian PRO TradeVulture.com
2 years ago
I do not watch the monthly chart, I cant really spot anything on a monthly chart, except that it looks parabolic. As I said in the chart description, I believe it depends on the general market conditions, which right now for me are unclear. I believe a top is coming soon. If the stock market is going down, this will probably fall much lower, but I do not see DDD falling further on a good general market, I just don't. The diverging double bottom and double top are my favorite patterns, especially if they come in an uptrend and look like corrections.
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TradeVulture.com vlad.adrian
2 years ago
You should always look at your monthly chart first. The smaller time frames must react in accordance to what the monthly chart wants to do. Monthly supports are extremely important. This is the reason you see divergences. Smaller time frames have to setup first.
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vlad.adrian PRO TradeVulture.com
2 years ago
I always look at the weekly, it's good enough for me. Support and resistance levels on monthly charts are easily broken on daily charts. Also, a montly support or resistance is much more visible on the weekly chart. That's the way I look at markets, it doesn't mean that's the way everyone should
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TradeVulture.com vlad.adrian
2 years ago
Well I don't know the specifics of your trading method etc, but I guess we will see why monthly charts are important when DDD tests 45-50 again. Hopefully your long will have worked before then.
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vlad.adrian PRO TradeVulture.com
2 years ago
First of all, I didn't say monthly charts are not important, I said I do not take them into consideration, that's the way I chose to analyze financial markets.As I said, S&R monthly levels are much more clear on weekly charts, for my eye. Secondly, I didn't say that DDD isn't going to reach 45 -50$. I said that for now, I preffer to be long rather than short, for a push to 80$, and that general market conditions will have a big influence in where the stock is going next couple of weeks.
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2use TradeVulture.com
2 years ago
I do see the support levels between 45-50 on a weekly chart as well actually. But also note that RSI suggest it is oversold at the moment, the same place was the first double bottom. adds to Vlad's case, although indeed, on weak volume it can retest 50
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TradeVulture.com 2use
2 years ago
RSI Meh... There's a pretty nice leg start range at 45-50...look again.
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fcha PRO TradeVulture.com
2 years ago
Yes, I saw that leg now. That's why I did not trade, but I will see if broke the MA 200.
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TradeVulture.com fcha
2 years ago
Rule is, price must test the leg start. I could be wrong, but I guess we will see..if I'm right, I hope people learn to value the monthly and weekly charts.
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2use TradeVulture.com
2 years ago
Out of curiosity, which charts do you also look at that are not the most common ones , like 1 minute, 1 hour, 1 day, month? I find people making decisions on 30min, 15min, 4hour - although im feeling odd making decisions based on those
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TradeVulture.com 2use
2 years ago
Depends on the timeframe I'm trading. If I'm scalping, I use tick charts. If I'm swinging, I start with the Monthly and work my way in. Without looking at larger frames, it's impossible to see some critical reversal levels.
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2use TradeVulture.com
2 years ago
Im working between after hours 1week to see the big picture, then 1 day, and during the day 1min, 5min in regards to the projections i made for the day chart
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TradeVulture.com 2use
2 years ago
You are missing the big picture then.
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vlad.adrian PRO TradeVulture.com
2 years ago
I think you are missing the point of this chart
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TradeVulture.com vlad.adrian
2 years ago
So uh, now do you understand the importance of the monthly chart?
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vlad.adrian PRO TradeVulture.com
2 years ago
You keep on going with the monthly chart... Do you understand the importance of general market conditions?
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vlad.adrian PRO TradeVulture.com
2 years ago
I think I have the answer to my question
NFLX: Monthly Support Gained

When you call a long on Netflix and a short on DDD, its clear that you do not consider general market conditions.
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TradeVulture.com vlad.adrian
2 years ago
Bro, you worried about market conditions, and you don't understand how to properly read a chart...if you understand why i called short DDD to 45-50, then we wouldnt be having this conversation
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vlad.adrian PRO TradeVulture.com
2 years ago
Let's agree that we have different ways to analyze a market, I don't hold the absolute truth, and nor do you. However, I will disagree with you on your statement that I don't know to read a chart!!!
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TheLark PRO vlad.adrian
2 years ago
seems like every time I get on TV, infinite_margin is hating on you. That's no way to live, its buggin me and I don't even know you, obviously unfollowing him, even though I do like his work.
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warmandfuzzy TheLark
2 years ago
Agreed!
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vlad.adrian PRO TheLark
2 years ago
Thank you! I don't understand all the hating going on, just because we have different views.
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TradeVulture.com vlad.adrian
2 years ago
There's no hate.
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TradeVulture.com TheLark
2 years ago
There's no hate, just pointing out the importance of monthly charts.
+1 Reply
TheLark PRO TradeVulture.com
2 years ago
That's true, you were pointing that out. Sorry for pointing fingers. It's hard to see through text sometimes. Like I said, I do like and respect your work, and am glad you are willing to share it. Glad it was coming from a desire to help rather than hostility
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Wyckoff Trader TradeVulture.com
2 years ago
They don't get it infinite margin... most retail minded traders will always think the same
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TradeVulture.com Wyckoff Trader
2 years ago
I wonder why we are testing 44-50?
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vlad.adrian PRO TradeVulture.com
2 years ago
because of general market conditions
Looks like a top for the US market
thats why
something you obviously dont understand as you called a long on netflix at the same time you were arguing with my long on DDD
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TradeVulture.com vlad.adrian
2 years ago
I don't ever include timeframes. General market conditions is verbage created by people that don't understand how markets move. The chart tells you what conditions you are in.
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vlad.adrian PRO TradeVulture.com
2 years ago
I dont understand what u mean, sorry
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Out of all the 'bubble' stocks I posted, 3D is the only one where I did not get stopped out. However, I'm bearish on the US market so I don't expect this stock to go anywhere but lower .
Looks like a top for the US market
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fcha PRO
2 years ago
Actually, Both of you are right and good if you can combine all. There is a reversal candle today but I still need another confirmation to enter.
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TradeVulture.com
2 years ago
Vlad. Stop arguing with me for a moment and try to understand why my 44-50 range short target was important. It's a monthly support. Larger frames are always right. Smaller frames setup to complete a larger frame move. You called a double bottom on the daily, because you didn't look at the leg start on the monthly chart. You called a long target because its a 618 fib level. General market conditions have nothing to do with this. Markets must first setup by accumulation/distribution before a move can be made. When you use words like general market conditions, it means you don't really understand how the market moves. If you want to know more, start asking the right questions. I'm not trying to be argumentative, I'm trying to let help you understand a very very very important concept.
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vlad.adrian PRO TradeVulture.com
2 years ago
I wasn't arguing, I truly didnt understand what you meant with 'I don't ever include timeframes'. Once again, I'm saying I don't have anything against the monthly chart, I just don't use it. For me, weekly and daily is enough. This doesn't mean that using monthlys are wrong. I just don't look at it, that is my method of analysing markets, which, if you would check out my previous charts, you would notice how accurate it is.
I called a double bottom for 3 reasons :
1 - weekly chart retraced after a crazy move, to its moving averages
2 - I saw signs for the end of correction on other Bubble stox, Facebook, Netflix and Amazon
3 - The diverging double bottom itself.

For me, it was a trade worth to take. My view is simple, and when I see something like what I saw here, I will always take it.

Now, regarding general market conditions, I don't undertstand how you say general market conditions had nothing to do with this. In a bull market, most stocks go up. In a bear market most stocks go down. In a correction, most stocks go down. In rallies, most stocks go up. It's as simple as that. At the moment I posted this chart, I though the correction on the Nasdaq index, and the stox it includes, was over. Well, it wasn't, I was wrong, and all stocks lost a lot of their gain. You tell me general market conditions had nothing to with this. Then please explain to me how you call a long on Netflix while you call a short on 3D? Just explain this to me and if I will see you have a point I will shut up and comment no more.
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vlad.adrian PRO vlad.adrian
2 years ago
sorry for the spelling mistakes, using monthlys is wrong and a trade worth taking
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Wyckoff Trader vlad.adrian
2 years ago
Each individual stock is a market in itself. Some of those markets will obviously move with general market, but they have to complete whichever formation they are in(i.e distribution, accumulation, markup, and/or markdown). Infinite Margin is 100% correct, and he is one of the very very few traders who understand how the market truly moves. Take Note.
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vlad.adrian PRO Wyckoff Trader
2 years ago
Yep, Long Netflix and short 3D at the same time is 100% right. I recommend 'reminiscences of a stock operator'. There are a few valueble lessons about how stocks move according to general conditions.
Regarding infinite margin's views regarding distribution, I didn't argue with that for one second.
+1 Reply
TradeVulture.com vlad.adrian
2 years ago
I see we test 44 again. You figure out how I came up with that level on the monthly chart yet?
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vlad.adrian PRO TradeVulture.com
2 years ago
nope, I still haven't
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vlad.adrian PRO TradeVulture.com
2 years ago
Did you figure out the importance of market correlation and why I called a long AT THE SAME TIME on Facebook, Amazon, 3D Systems and Netflix (and I clearly stated that either they all work all they fail) while you called a long on Netflix and a short on 3D Systems?
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TradeVulture.com vlad.adrian
2 years ago
You see why I said long NFLX on the monthly view yet?
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vlad.adrian PRO TradeVulture.com
2 years ago
Yes very nice prediction. Since you said long, Netflix lost 20% of its value, only after that it rallied. If you want to prove a point, point it out with something that was accurate. Moving 20% against you and then in your favor is not a trade, it might be an investment, but you are a trader, not an investor. After I called a long DDD moved 6% against me and got stopped out, and then continued its move down. Sometimes you get it wrong, sometimes you get it right, I dnt hold the key to succes, but after I got stopped out I went home, I didnt come here and say ooohh I was right, cause DDD a month after that moved 20% to the upside. Please close this discussion, I'm done talking about this, instead of trying to prove me and my method wrong, just work on yours, you don't see me trashing and commenting on your charts. An opinion, either it be good or bad, is always welcomed, but 30 comments is way too much. Thank you!
+1 Reply
aryahi29 PRO
2 years ago
I expect DDD to bounce between 42 and 40.. THE STOCHS SHOW THE BOTTOM IS NOT YET FORMED ON A DAILY CHART, NOR ON WEEKLY CHART
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aryahi29 PRO
2 years ago
42 AND 40 ARE THE LOWER FIBONAXI PIVOTS
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ALee
2 years ago
while 20 DMA failed E23 is no long history of no - work from short. the output from a flat corridor 21-23,5 will show the future direction ...
Reply
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